Are the following two statements about fiscal policy correct Statement 1: The crowding out effect reduces the multiplier effect of expansionary fiscal policy but does not affect economic growth. Statement 2: A generational imbalance exists if the present value of government benefits to the current generation is not fully paid for by taxes on the current generation. Statement 1 Statement 2()①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Correct
A. ①
B. ②
C. ③